I own a home and signed a rent option with an investor?
I own my home. A real estate investor came to my home and asked me to consider a rent option as they had someone who liked my home that was for sale. I aggreed and signed a contract for a year with them in that time even though the tennent paid rent every month my mortgage payments were not made. My house is now in foreclosure and investor or tennent can not buy the house, Can I file a criminal complaint against this investor since I have signed contract promising either investor or tennent will buy my home and now neither can follow thru.
Public Comments
- This is a common scam. I would hire an attorney but not hope for much relief. These guys should go to jail. It seems like fraud to me.
- You need to pay a lawyer for an hour of their time and figure out exactly what you agreed to when the "real estate investor came" to your home. I don't know if you actually sold your home to the investor or if you got scammed or what. I suspect that you lost your home but are still on the hook for the mortgage and could be facing considerable cancelled debt income.
- You need to hire an attorney to sue the investor. In the meantime, I would do whatever you had to to redeem the property from forclosure. That goes on your credit record, not theirs! Advise the tenants to pay you directly until this mess is resolved or they have to move.
- there was just another seminar at a local hotel how to invest in real estate with no money down using rent options. You got scammed by someone who bought the course. Good luck getting anywhere with your "investor" he is most likely registered as an LLC and has already bankrupted or is in pending bankruptcy on it.
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